2013-02-15 07:32:57 -
Compagnie Financière Tradition /
Compagnie Financière Tradition : Trad-X launches USD Interest Rate Swaps
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Press release
Trad-X launches USD Interest Rate Swaps
Trad-X, the global hybrid platform for trading interest rate swaps, is pleased
to announce the launch of its USD interest rate swap product in the US.
Trad-X, the derivative technology solution launched by Tradition 18 months ago
and supported by 11 of the largest banks in the world, has already established
itself as the leading hybrid liquidity source for Euro interest rate swaps. The
platform intends to build on this success by expanding its services into another
key trading currency - USD.
Daniel Marcus, Global Head of Strategy and Business Development at Tradition
commented: "We are delighted to be expanding the range of products in the Trad-X
universe. Trad-X USD is a transparent industry initiative and has been designed
by the market for the market. We hope it achieves a similar level of success as
our Euro IRS offering."
About Trad-X:
Trad-X utilises Tradition's proprietary technology to provide a fully electronic
multi-asset class trading platform for OTC derivatives with hybrid and fully
automated rich functionality, low latency and - most importantly - the potential
for attracting deep liquidity. Designed with the help of the trading community,
Trad-X is a logical extension to Tradition's voice brokerage services. Trad-X
enables fully electronic order entry, whilst leveraging the benefits of
execution capability of Tradition's voice brokers. Trad-X can be accessed via
its own fully customisable and configurable client GUI, by using its FIX API or
through independent software vendors such as ION. Trad-X data, with best bid,
offer and size, can be subscribed to via 'TRDX' Bloomberg pages. The pages show
around 100 of the most liquid points on the € IRS curve, to which 11 banks are
streaming prices electronically. Our public reference pages 'TTST1' on Thomson
Reuters and 'TREU' on Bloomberg are showing estimated bid/offer. They are
calculated directly from Trad-X mid markets.
About Tradition and Compagnie Financière Tradition SA:
With a presence in 28 countries, Compagnie Financière Tradition SA is one of the
world's leading interdealer brokers (IDB). The Group provides broking services
for a complete range of financial products (money market products, bonds,
interest rate, currency and credit derivatives, equities, equity derivatives,
interest rate futures and index futures) and commodity-related products (energy
and environmental products, and precious metals). Compagnie Financière Tradition
is listed on the SIX Swiss Exchange (CFT). Trad-X is a trade mark of Compagnie
Financière Tradition SA. Trad-X is an MTF operated by Tradition (UK) Limited,
authorised and regulated by the UK Financial Services Authority. For more
information, please visit www.tradition.com and www.trad-x.com.
Lausanne, 15 February 2013
Press contacts :
MHP Communications european investors relations sa
John Sarsfield / James Morgan / Fern Hammond Jérémy Nieckowski
Tél. : +44 20 3128 8530 / 8533 / 8092 Tél. : +41 22 591 22 65
Email :
Tradition@mhpc.com jeremy@eir.ch
Compagnie Financiere Tradition:
hugin.info/133362/R/1678486/547844.pdf
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Source: Compagnie Financière Tradition via Thomson Reuters ONE
[HUG#1678486]
